Marc: Polygon Labs acquires Coinme and lays off employees, aiming to achieve profitability by 2027

US Senator Elizabeth Warren released a report stating that the Trump administration's reform of the CFPB resulted in consumers bearing an additional cost of $26.5 billion. Among them, $22.5 billion is due to the cancellation of credit card overdue fees and bank overdraft fee restrictions, and $4 billion is due to the waiver of enforcement cases and compensation agreements. The CFPB had planned to set the credit card overdue fee cap at $8, with an estimated annual savings of $10 billion, and limit some overdraft fees to less than $5. According to CNBC, Trump has made adjustments to the CFPB, including reducing personnel, suspending enforcement, and revoking consumer protection rules.

According to Fortune, Visa has launched the Visa Stablecoin Platform to help banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems. This platform provides services to approximately 15000 financial institutions and over 200 million merchants worldwide for Visa, supporting settlement using US dollar stablecoins in traditional payment networks. Visa processes approximately $15 trillion in payment transactions annually and has already handled stablecoin settlement businesses worth billions of dollars. The Visa Stablecoin Platform initially supports OUSD and is compatible with both USDC and USDG. Mastercard launches stablecoin settlement solution, and American Express participates in the Open Standard ecosystem construction.

Nvidia stated that Japan is building artificial intelligence factories to drive the industrial revolution.

On July 15th, the US International Trade Commission decided to initiate a 337 investigation into specific Dynamic Random Access Memory (DRAM) devices and their downstream products and components, involving companies such as Samsung Electronics, Google, Nvidia, AMD, and Broadcom. As a result, Nvidia fell more than 2%, while Broadcom and AMD fell nearly 4%. Netlist, Inc. of Irvine, California filed a 337 investigation application with the United States International Trade Commission on June 16, claiming that the related products infringed on its US registered patent numbers 12646537 and 12650937, and requesting the issuance of limited exclusion orders and injunctions.

According to Lookonchain monitoring, a newly built wallet has deposited 5 million USDC into Hyperliquid and used double leverage to store it in Duoxin. The current position value is 1.38 million USD.